https://www.taxtmi.com/caselaws?id=165002 Section 30B(4) of the Kerala General Sales Tax Act, 1963 was read with section 30B(3) to hold that the assessment and recovery mechanism also carries the liability to penalty where the declaration is false or the consignee is bogus, non-existent, untraceable, or denies the transaction. The incorporation of sub-section (3) into sub-section (4) was treated as importing both the procedure and the penalty consequence, reflecting legislative intent to place both situations on the same footing for assessment, demand, and penalty. The authority retained discretion only on quantum within the statutory ceiling, and the Tribunal's view sustaining penalty was upheld. en-us Thu, 10 Sep 2009 00:00:00 +0530 Sat, 01 Nov 2014 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165002 Section 30B(4) of the Kerala General Sales Tax Act, 1963 was read with section 30B(3) to hold that the assessment and recovery mechanism also carries the liability to penalty where the declaration is false or the consignee is bogus, non-existent, untraceable, or denies the transaction. The incorporation of sub-section (3) into sub-section (4) was treated as importing both the procedure and the penalty consequence, reflecting legislative intent to place both situations on the same footing for assessment, demand, and penalty. The authority retained discretion only on quantum within the statutory ceiling, and the Tribunal's view sustaining penalty was upheld. Case-Laws VAT and Sales Tax Thu, 10 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165002